Alliance Distributors Holding Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the three months ended March 31, 2015, the company announced net sales decreased 11% to $13.2 million from $14.9 million in the three months ended March 31, 2014. Net income declined to $37,000 from $392,000 for the comparable period in 2014. Income from operations was $131,000 compared to $674,000 for the comparable period in 2014. Income before provision for income taxes was $63,000 compared to $594,000 for the comparable period in 2014. Basic &diluted net income per share was nil compared to $0.01 for the same period last year.

For the nine months ended March 31, 2015 net sales decreased 14% to $41.4 million from $48.0 million in the nine months ended March 31, 2014. Net income decreased to $265,000 from $988,000 for the comparable period in 2014. The company had fewer sources for value product during the March 2015 periods than in the corresponding 2014 periods. The decline in availability reflects residual turmoil from last year's new platform introductions of Sony's Playstation(r)4 and Microsoft's Xbox One, vendors who are out of business, licensing lapses, and a reduction in distress closeout opportunities. Income from operations was $655,000 compared to $1,860,000 for the comparable period in 2014. Income before provision for income taxes was $436,000 compared to $1,583,000 for the comparable period in 2014. Basic & diluted net income per share was $0.02 compared to $0.02 for the same period last year. Net cash provided by operating activities was $1,132,000 compared to $1,938,000 for the same period last year. Purchase of property &equipment was $35,000 compared to $18,000 for the same period last year.